Okay

Does it call for celebration in a country that owned the tag of having the most poor people in the world?

Jestin:
This Covid-19 really crumbled a lot of things this year but this 2020 go still make sense last last for us .Mark my word


FTC.

Amen ooooooo senior Bros

but that is not a good thing na. it only show how volatile the economy is, people rather save than set up business and indirectly create employment.

Baba God Noni

Jestin:
This Covid-19 really crumbled a lot of things this year but this 2020 go still make sense last last for us .Mark my word


FTC.

Shutup

pablotini:
Na so we go dey hear billion & trillion

Shutup

superfitsez:
I don't need this kind of news, please hit like if you from imo state

Shutup

Ulunne777:
Someone should explain to us

Shutup

Uyi168:
Which one be mutual funds again??

sathel:
All these things make no sense to the ordinary man in the street.

We need to see an increment in our standard of living and not mutual funds.

I am just laughing at the way some boys are cashing out this year and most people (especially salary earners) are lamenting bitterly.

The feeling is mutually exclusive.

Ulunne777:
Someone should explain to us

Hi all,

There is no shame in not understanding. Let me help you guys understand.

Think of mutual funds as the three of you bringing your money together - and giving it to someone like Charles Soludo (Because the assumption is that Charles Soludo knows how to invest very well and Can make you guys a lot of money).

Charles Soludo, in this scenario, will be called the Fund Manager.

The funds that the three of you have contributed is called the Mutual Fund and Charles Soludo must make sure That he invests (In different Portfolios) according to the terms as agreed by all of you (investors) and this will depend on whether you want to invest in Shares, Government Bonds, Foreign dollar investment funds etc.

This is usually how rich people like Dangote, Otedola invest their money outside of doing business. But the average poor man in the street lacks all these financial information.

Now you know - the next tome you make your next 1 million - you may think about keeping your money with Mutual Funds and getting a return at the end of the year!

[quote author=Movicq post=90682541][/quote]here comes a fool

bmdmixer:
here comes a fool

Tahhh shutup.. you are a mumu man

KomonSense:
Cool...please who has the latest information about Treasury bills in Nigeria.... ?


The last time I checked CBN placed a restriction on individuals from buying Nigeria treasury bills in November 2019...

Please what's the latest info?

Have the CBN lifted the ban ?

Can individuals now buy Treasury bills?

With syndication of 50 million naira you good to go.

Movicq:

Tahhh shutup.. you are a mumu man

lol i no tink say u sleep well for that ur passage wen u put head, zombie.

bmdmixer:
lol i no tink say u sleep well for that ur passage wen u put head, zombie.

Hope u go pass dat junction today? I go find u tell dat woman wey dey sell kerosene to bite u

Movicq:

Tahhh shutup.. you are a mumu man

really no need responding to a child who still begs his mummy for money to buy data, almost all ur post nah insult nothing mature about u self.

bmdmixer:
really no need responding to a child who still begs his mummy for money to buy data, almost all ur post nah insult nothing mature about u self.

Shutup

This is not good news.. it shows lack of trust on the Government.

Efiosej:



I don't think the ban has been lifted
and tb is currently at 2% now

Sotherefore, i dont see the positive thing in the OP's news.
Infact we should be bothered that most of our loans and grants collected by the FG is going directly to personal pockets. And since they know how bad they have distroyed the economy they are investing their loot in mutual funds, since that is the only available sure investment apart from TB. They connot kuku take the money abroad for now.

Nigeria i hail thee.

The reason why the mutual funds investment are rising is because the elite know how unfavorable and unstable the Nigerian economy is to business, so they are putting their into investment and let's be clear foreign investment opportunities, The thieves who steal our money are now investing the money for themselves.

bizhop01:

With syndication of 50 million naira you good to go.

Outrageous... I was even thinking of investing about a million naira.

TB seems to be the safest place to invest money in this unstable covid 19-infested economy

Efiosej:



I don't think the ban has been lifted
and tb is currently at 2% now

Outrageous... I was even thinking of investing about a million naira. I saw 5% somewhere on nairametrics website yesterday...

But my bank was encouraging me to come and buy last week Wednesday. Maybe they're not sure

TB seems to be the safest place to invest money in this unstable covid 19-infested economy

Not bad

Venerable612:


Hi all,

There is no shame in not understanding. Let me help you guys understand.

Think of mutual funds as the three of you bringing your money together - and giving it to someone like Charles Soludo (Because the assumption is that Charles Soludo knows how to invest very well and Can make you guys a lot of money).

Charles Soludo, in this scenario, will be called the Fund Manager.

The funds that the three of you have contributed is called the Mutual Fund and Charles Soludo must make sure That he invests (In different Portfolios) according to the terms as agreed by all of you (investors) and this will depend on whether you want to invest in Shares, Government Bonds, Foreign dollar investment funds etc.

This is usually how rich people like Dangote, Otedola invest their money outside of doing business. But the average poor man in the street lacks all these financial information.

Now you know - the next tome you make your next 1 million - you may think about keeping your money with Mutual Funds and getting a return at the end of the year!

1) What's the lowest amount someone can invest in mutual fund ?

100K, 200K or more .....?

2) please mention or tell us Mutual fund managers you know...

3) Do banks offer mutual fund services too

This is no good news. This huge inflow into mutual funds is the reason tb rate have plummeted. I expect the rate to hit zero soon, and watch people begging businesses(perhaps through the stock market) and anyone with some useful ideas to take and trade with thier money. I believe we are gradually getting there.

KomonSense:


Outrageous... I was even thinking of investing about a million naira.

TB seems to be the safest place to invest money in this unstable covid 19-infested economy

That is the reason mutual fund became hotcake, You can have fixed deposit with Access bank, UBA, FCMB, they had attractive interest rates.

[quote author=KomonSense post=90683160]
1) What's the lowest amount someone can invest in mutual fund ?
100K, 200K or more .....?
2) please mention or tell us Mutual fund managers you know...
3) Do banks offer mutual fund services too[/quo te] me too, I Want to know